Organic corn prices are hovering near $9.25 delivered in the mid-West. Prices on the coast remain closer to $12 per bushel. While the demand remains solid, there does seem to be an inversion to new-crop. Organic corn bids for new-crop are closer to $8.50 per bushel, according to merchandisers. There is no inversion in the conventional corn market, and when evaluating Q1 in the conventional market, you can see a small carry. The issue for consumers on the coast is freight rates. Trucking rates remain sticky at $3.25 per mile per load, up from $2.50 per mile per load less than 6-months ago.

Organic Egg Demand Remain Robust

Organic egg sales continue to rise, in tandem with the strength seen in retail grocery store sales. After surging in March of 2020, the trajectory of organic egg sales at supermarkets and big-box stores hit a new range. According to The Jacobsen, using third-party data, organic egg sales increased approximately 10% year over year in June, continuing…